The Dallas Business Journal posted an article featuring the sale of Trio Home Care and Hospice to Jet Health for which American HealthCare Capital was the exclusive sell-side M&A Advisor. The deal was led by our Senior M&A Advisor, Joseph Sexton. For full details on the transaction, please click here or read the article below.
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Fort Worth-based Jet Health, a regional provider of home health and hospice services, announced today it is acquiring Denton-based Trio Home Health and Hospice. The terms of the deal were not disclosed.
The acquisition is Jet Health’s eighth in the past four years and the ninth since it was founded in 2016.
Acquiring Trio Home Health continues Jet Health’s growth strategy to be a leading home health and hospice provider across the western and southwestern U.S. After the deal closes, Jet Health will employ 500 full-time health care professionals in 10 locations across the state of Texas.
“This latest acquisition fills our quest to expand our geographic footprint within our primary service areas. We will now extend services beyond the Central Texas area where we currently have established our reputation to include North Texas and the Dallas/Fort Worth metropolitan area,” Jet Health CEO Stacie Bratcher said in a news release.
Trio Home Health and Hospice will remain its own brand and operate under the Jet Health umbrella of companies. CEO Drew Mize will continue to lead Trio Home Care. Its current service area includes Denton, Lewisville, Flower Mound, Decatur, Dallas and Fort Worth.
“Trio Home Health and Hospice and Jet Health share similar missions, values, patient care approaches and corporate cultures,” Mize said in the release. “By combining our organizations, the Company will significantly bolster its growth trajectory as we can now care for more patients in need of the quality services we provide.”
Jet Health operates in Texas, New Mexico, Colorado and Idaho. It has an umbrella of companies that includes: Klarus Home Care and Personal Care, Klarus Home Care and Private Nursing and Klarus Home Care and Klarus Hospice.
“With each of the acquisitions Jet Health has completed of late, we have always remained focused on broadening both our offering while extending our reach,” Bratcher said in the release.
Funding for the transaction was provided by Silicon Valley Bank. Stradling Yocca Carlson and Rauth acted as legal counsel to Jet Health. Rivas, Goldstein, LLP of Austin acted as advisor for Trio Home Health. American Healthcare Capital presented Trio Home Health and Hospice to the marketplace.